[Federal Register Volume 61, Number 175 (Monday, September 9, 1996)] [Notices] [Pages 47533-47534] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 96-22934] ======================================================================= ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION Submission for OMB Review; Comment Request Upon written request, copies available from: Securities and Exchange Commission, Office of Filings and Information Services, Washington, DC 20549. Extension: Rule 17f-2(c) SEC File No. 270-35; OMB Control No. 3235-0029 Rule 17f-2(d) SEC File No. 270-36; OMB Control No. 3235-0028 Rule 17f-2(e) SEC File No. 270-37; OMB Control No. 3235-0031 Notice is hereby given that pursuant to the Paperwork Reduction Act of 1995 (44 U.S.C. 3501 et seq.), the Securities and Exchange Commission (``Commission'') has submitted to the Office of Management and Budget requests for approval of extension on the following rules: Rule 17f-2(c) allows persons required to be fingerprinted, pursuant to Section 17(f)(2) of the Securities Exchange Act of 1934 (Exchange Act), to submit their fingerprints through a national securities exchange or a national securities association in accordance with a plan submitted to and approved by the Commission. Plans have been approved for the American, Boston, Chicago, New York, Pacific, and Philadelphia stock exchanges and for the National Association of Securities Dealers and the Chicago Board Options Exchange. It is estimated that 8,500 registered broker-dealers submit approximately 275,000 fingerprint cards to exchanges or a registered security association on an annual basis. It is approximated that it should take 15 minutes to comply with Rule 17f-2(c). The total reporting burden is estimated to be 68,750 hours. Rule 17f-2(d), requires that records produced, pursuant to the fingerprinting requirements of Section 17(f)(2) of the Exchange Act, be maintained; permits the designated examining authorities of broker- dealers or members of exchanges, under certain circumstances, to store and to maintain records required to be kept by this rule; and permits the required records to be maintained on microfilm. Approximately 10,025 respondents are subject to the recordkeeping requirements of the rule. Each respondent keeps approximately 32 new records per year, which take approximately 2 minutes per record for the respondent to maintain, for an annual burden of 64 minutes per respondent. All records subject to the rule must be retained for the term of employment plus 3 years. Rule 17f-2(e) requires entities claiming an exemption from the fingerprinting requirements to prepare and maintain a notice supporting their claim for exemption and exempts certain small transfer agents from the requirement. While the Commission no longer receives notices pursuant to Rule 17f-2(e), the covered entities are still required to prepare and retain such notice. Based on the indications of several covered entities, most notices require one-half hour to prepare. Approximately 75 respondents will prepare notices each year. The total average annual burden to covered entities is approximately 37.5 hours of preparation and maintenance time. General comments regarding the estimated burden hours should be directed to the Desk Officer for the securities and exchange Commission at the address below. Any comments concerning the accuracy of the estimated average burden hours for compliance with Commission rules and forms should be directed to Michael E. Bartell, Associate Executive Director, Office of Information Technology, Securities and Exchange Commission, 450 Fifth Street, N.W., Washington, D.C. 20549 and Desk Officer for the Securities and Exchange Commission, Office of Information and Regulatory Affairs, Office of Management and Budget, Room 3208, New Executive [[Page 47534]] Office Building, Washington, D.C. 20503. Dated: August 29, 1996. Margaret H. McFarland, Deputy Secretary. [FR Doc. 96-22934 Filed 9-6-96; 8:45 am] BILLING CODE 8010-01-M